周四，澳大利亚10年期政府债券收益率跌至4.28%左右，从上一交易日创下的五周高点回落。美联储6月会议纪要显示，大多数政策制定者认为今年降息是合适的，随后美国债券收益率也出现了类似的下跌。在国内方面，澳大利亚储备银行本周早些时候将现金利率稳定在3.85%，这让市场感到惊讶，因为市场几乎完全消化了25个基点的降息。尽管澳大利亚储备银行保持谨慎立场，但它承认通胀风险更加平衡，似乎在等待7月底公布的第二季度CPI报告，然后再做出决定。在做出这一决定后，市场预期发生了变化，现在认为央行在8月份的会议上将利率降至3.60%的可能性为85%。

Australia's 10-year government bond yield dropped to around 4.28% on Thursday, pulling back from an over five-week high reached in the previous session. The decline followed a similar move in US bond yields after the Federal Reserve's June meeting minutes revealed that most policymakers believed it would be appropriate to lower rates this year. On the domestic front, the Reserve Bank of Australia earlier this week held its cash rate steady at 3.85%, surprising markets that had nearly fully priced in a 25bps cut. While the RBA maintained a cautious stance, it acknowledged that the risks to inflation were more balanced and appeared to be waiting for the second-quarter CPI report, due at the end of July, before deciding. Following the decision, market expectations shifted, now pricing in an 85% probability that the central bank will cut rates to 3.60% at its August meeting.

周四，澳元走强至0.654美元以上，标志着连续第三个交易日上涨，因为特朗普新宣布的关税推动铜价飙升，提振了对大宗商品挂钩货币的需求。自8月1日起，对美国所有铜进口征收50%的关税，导致铜价大幅上涨。作为世界上最大的铜出口国之一，澳大利亚将受益，由于其与大宗商品的紧密联系，价格上涨将支撑澳元。额外的支持来自铁矿石和黄金的上涨，这也提振了对资源敏感的货币。在政策方面，澳大利亚储备银行本周早些时候出人意料地决定维持利率，继续提供支持。州长米歇尔·布洛克（Michele Bullock）指出，单位劳动力成本上升和生产率疲软带来的持续通胀风险，并警告价格压力可能超过预期。副州长Andrew Hauser还指出，全球不确定性不断上升，关税预计将严重影响经济增长。

The Australian dollar strengthened to above $0.654 on Thursday, marking its third consecutive session of gains, as a surge in copper prices—driven by Trump’s newly announced tariffs—boosted demand for the commodity-linked currency. A 50% levy on all US copper imports, set to take effect August 1, has sent copper prices sharply higher. As one of the world’s top copper exporters, Australia stands to benefit, with higher prices supporting the Aussie due to its strong commodity ties. Additional backing came from gains in iron ore and gold, which also lifted resource-sensitive currencies. On the policy front, the Reserve Bank of Australia's surprise decision to hold rates earlier this week continued to offer support. Governor Michele Bullock flagged ongoing inflation risks from elevated unit labor costs and weak productivity, warning price pressures could exceed forecasts. Deputy Governor Andrew Hauser also noted rising global uncertainty, with tariffs expected to weigh heavily on growth.

周四，标准普尔/澳交所200指数上涨0.7%，收于8595点以上，接近历史最高水平，矿业和黄金股因大宗商品价格走强而上涨。该指数也反映了华尔街隔夜科技股的上涨，这得益于对人工智能的持续热情。市场目前正在谨慎消化美国新关税措施的影响，而铜价差的缩小有助于改善资源密集型行业的情绪。在最新的贸易发展中，唐纳德·特朗普总统以不公平的贸易行为为由，对巴西进口商品征收50%的关税。作为回应，巴西总统路易斯·伊纳西奥·卢拉·达席尔瓦誓言根据一项允许采取相称反制措施的新法律进行报复。权重矿商领涨，必和必拓上涨0.6%，Fortescue上涨1.5%，力拓上涨0.9%。金矿商纽蒙特和北极星也分别上涨3.2%和0.8%。不利的一面是，由于特朗普提出的药品关税引发了该行业的担忧，医疗保健股表现不佳。

The S&P/ASX 200 Index climbed 0.7% to above 8,595 on Thursday, nearing record high levels as mining and gold stocks rallied on stronger commodity prices. The index also mirrored Wall Street’s tech-driven gains overnight, fueled by sustained enthusiasm for artificial intelligence. Markets are now cautiously digesting the impact of new US tariff measures, while narrowing copper spreads are helping improve sentiment in resource-heavy sectors. In the latest trade development, President Donald Trump imposed a 50% tariff on Brazilian imports, citing unfair trade practices. In response, Brazilian President Luiz Inacio Lula da Silva vowed to retaliate under a new law allowing proportional countermeasures. Heavyweight miners led the advance, with BHP up 0.6%, Fortescue 1.5%, and Rio Tinto 0.9%. Gold miners Newmont and Northern Star also jumped 3.2% and 0.8%, respectively. On the downside, healthcare stocks lagged as Trump’s proposed pharmaceutical tariffs raised concerns for the sector.

澳大利亚向央行数字货币迈出了又一步。澳大利亚央行周四表示，它正在向批发央行数字货币（CBDC）迈出又一大步，一系列行业合作伙伴首次使用真实货币和资产进行项目。

Australia takes another step toward a central bank digital currency.Australia's central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing projects using real money and assets for the first time.